Short term Elliottwave structure suggests cycle from 2/29 low ended with wave (w) at 0.682. Wave (x) pullback is unfolding as a FLAT where wave (a) ended at 0.6712, wave (b) ended at 0.6809, and wave (c) of (x) is expected to complete at 0.66 – 0.664 area. As far as pivot at 0.6561 remains intact, pair is expected to resume rally higher from the area above or at least bounce in 3 waves.

NZDUSD

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